Tetra Tech (NASDAQ:TTEK) Earns Outperform Rating from Analysts at National Bank Financial

Key Points

• National Bank Financial has initiated coverage on Tetra Tech (NASDAQ:TTEK) with an "outperform" rating and a price target of $41.00, suggesting a potential upside of 19.71% from the current price.
• The stock currently has an average rating of "Hold" based on input from various analysts, with three analysts recommending a Buy, while four have rated it Hold.
• Tetra Tech's recent quarterly earnings surpassed expectations, reporting $0.43 earnings per share, up from $1.59 EPS during the same period last year, with a revenue of $1.15 billion.

Equities research analysts at National Bank Financial initiated coverage on shares of Tetra Tech (NASDAQ:TTEK - Get Free Report) in a research report issued on Wednesday. The firm set an "outperform" rating and a $41.00 price target on the industrial products company's stock. National Bank Financial's price objective would indicate a potential upside of 19.71% from the stock's current price.

Several other equities analysts have also recently commented on TTEK. Northcoast Research reissued a "neutral" rating on shares of Tetra Tech in a research report on Wednesday, October 1st. Royal Bank Of Canada set a $47.00 price objective on shares of Tetra Tech and gave the stock an "outperform" rating in a research report on Monday, September 29th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Tetra Tech in a research report on Saturday, September 27th. KeyCorp lifted their price objective on shares of Tetra Tech from $41.00 to $43.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Wall Street Zen cut shares of Tetra Tech from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $41.00.

Tetra Tech Stock Performance

NASDAQ:TTEK opened at $34.25 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market capitalization of $9.00 billion, a P/E ratio of 42.81 and a beta of 0.94. The company has a 50 day moving average price of $35.74 and a 200 day moving average price of $34.48. Tetra Tech has a fifty-two week low of $27.27 and a fifty-two week high of $51.20.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.06. The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.15 billion. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. The firm's quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company posted $1.59 EPS. Tetra Tech has set its FY 2025 guidance at 1.490-1.540 EPS. Q4 2025 guidance at 0.380-0.430 EPS. Equities research analysts forecast that Tetra Tech will post 1.37 EPS for the current year.

Insider Buying and Selling

In other Tetra Tech news, Director Gary Birkenbeuel sold 2,390 shares of Tetra Tech stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $36.00, for a total value of $86,040.00. Following the transaction, the director directly owned 37,725 shares in the company, valued at approximately $1,358,100. The trade was a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.40% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TTEK. Vanguard Group Inc. raised its holdings in Tetra Tech by 4.9% during the first quarter. Vanguard Group Inc. now owns 27,185,795 shares of the industrial products company's stock worth $795,185,000 after purchasing an additional 1,273,692 shares in the last quarter. Pictet Asset Management Holding SA raised its holdings in Tetra Tech by 3.5% during the first quarter. Pictet Asset Management Holding SA now owns 14,502,940 shares of the industrial products company's stock worth $424,209,000 after purchasing an additional 484,053 shares in the last quarter. Sands Capital Management LLC raised its holdings in Tetra Tech by 26.5% during the second quarter. Sands Capital Management LLC now owns 5,200,335 shares of the industrial products company's stock worth $187,004,000 after purchasing an additional 1,089,599 shares in the last quarter. Sarasin & Partners LLP raised its holdings in Tetra Tech by 1.2% during the second quarter. Sarasin & Partners LLP now owns 4,683,576 shares of the industrial products company's stock worth $168,421,000 after purchasing an additional 55,012 shares in the last quarter. Finally, Corient Private Wealth LLC raised its holdings in Tetra Tech by 84.9% during the second quarter. Corient Private Wealth LLC now owns 4,021,788 shares of the industrial products company's stock worth $147,095,000 after purchasing an additional 1,847,087 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

About Tetra Tech

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.

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